| Schedule of Calculation of Numerator and Denominator in Earnings Per Share |
The following table sets
forth the computation of basic and diluted net income per share of
Class A and Class B common stock (in millions, except share
amounts which are reflected in thousands and per share
amounts):
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Year Ended December 31, |
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2009 |
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2010 |
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2011 |
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Class A |
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Class B |
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Class A |
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Class B |
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Class A |
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Class B |
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Basic net income per
share:
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Numerator
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Allocation of undistributed
earnings
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$ |
4,981 |
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$ |
1,539 |
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$ |
6,569 |
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$ |
1,936 |
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$ |
7,658 |
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$ |
2,079 |
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Denominator
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Weighted-average common shares
outstanding
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241,575 |
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74,651 |
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246,168 |
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72,534 |
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253,862 |
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68,916 |
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Less: Weighted-average unvested
common shares subject to repurchase or cancellation
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(5 |
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0 |
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0 |
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0 |
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0 |
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0 |
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Number of shares used in per share
computation
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241,570 |
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74,651 |
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246,168 |
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72,534 |
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253,862 |
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68,916 |
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Basic net income per share
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$ |
20.62 |
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$ |
20.62 |
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$ |
26.69 |
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$ |
26.69 |
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$ |
30.17 |
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$ |
30.17 |
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Diluted net income per
share:
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Numerator
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Allocation of undistributed earnings
for basic computation
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$ |
4,981 |
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$ |
1,539 |
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$ |
6,569 |
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$ |
1,936 |
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$ |
7,658 |
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$ |
2,079 |
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Reallocation of undistributed
earnings as a result of conversion of Class B to Class A
shares
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1,539 |
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0 |
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1,936 |
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0 |
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2,079 |
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0 |
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Reallocation of undistributed
earnings to Class B shares
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0 |
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(13 |
) |
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0 |
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(26 |
) |
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0 |
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(27 |
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Allocation of undistributed
earnings
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$ |
6,520 |
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$ |
1,526 |
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$ |
8,505 |
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$ |
1,910 |
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$ |
9,737 |
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$ |
2,052 |
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Denominator
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Number of shares used in basic
computation
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241,570 |
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74,651 |
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246,168 |
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72,534 |
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253,862 |
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68,916 |
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Weighted-average effect of dilutive
securities
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Add:
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Conversion of Class B to Class A
common shares outstanding
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74,651 |
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0 |
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72,534 |
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0 |
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68,916 |
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0 |
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Unvested common shares subject to
repurchase or cancellation
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5 |
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0 |
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0 |
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0 |
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0 |
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0 |
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Employee stock options, including
warrants issued under Transferable Stock Option program
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2,569 |
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114 |
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3,410 |
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71 |
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2,958 |
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46 |
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Restricted shares and RSUs
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621 |
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0 |
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1,139 |
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0 |
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1,478 |
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0 |
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Number of shares used in per share
computation
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319,416 |
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74,765 |
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323,251 |
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72,605 |
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327,214 |
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68,962 |
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Diluted net income per
share
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$ |
20.41 |
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$ |
20.41 |
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$ |
26.31 |
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$ |
26.31 |
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$ |
29.76 |
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$ |
29.76 |
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